Cost of Living in Madrid, Spain
Europe
Madrid offers a quintessentially Spanish lifestyle with reasonable costs for a major European capital. The city's tapas culture means eating out can be surprisingly affordable. Excellent public transit, abundant green spaces, and a world-class art scene make Madrid an outstanding value proposition.
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Overall Cost Index
42
Relative to New York City = 100
Monthly Cost Breakdown
| Category | Approx. Cost (USD) |
|---|---|
| Rent — 1 Bedroom (City Center) | $1,400 |
| Rent — 1 Bedroom (Outside Center) | $900 |
| Monthly Groceries | $300 |
| Monthly Public Transit Pass | $50 |
| Monthly Utilities | $120 |
| Estimated Monthly Total | $1,870 |
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